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dick smith - the australian version of radio shack did exactly the thing and went under last year. they ended up getting bought out by an online retailer. i us
by weq 10y ago
dick smith - the australian version of radio shack did exactly the thing and went under last year. they ended up getting bought out by an online retailer.
i used to go into them as a child, do the hobby boards and that pretty much got me into programming. I stopped going later in life as the electronics isle got smaller and smaller.
Now we have JayCar -- only sell electronics, long isles of caps and components. DIY everything. Seem to be going strong! They are semi used by tradies, but we still have other wholesalers who mainly service that market.
http://www.smh.com.au/business/retail/dick-smith-closing-down-sale-the-strangest-saddest-stuff-thats-left-20160428-gogye1.html http://www.smh.com.au/business/retail/dick-smith-closing-dow...
- mastazi 10y agoJaycar is not bad. The one I've seen (Sydney, opposite QVB) has a decent choice of components. I didn't know that Dick Smith used to sell boards and components initially (I have lived in Australia just for a few years).
- quanticle 10y agoDick Smith didn't die. It was murdered [1]. Long story short, a private equity firm bought out Dick Smith from Woolworth's using money that was on Dick Smith's balance sheet. They did some huge write-offs to lower the (paper) value of the business, sold inventory at a steep discount to boost revenue, and then put the company back on the market, with a P&L statement that looked good, but masked the fact that the company was a husk of its former self. As expected, investors bit, and the private equity firm walked away with a half-billion dollars of profit, while the later investors were left holding the bag. [1] https://foragerfunds.com/bristlemouth/dick-smith-is-the-greatest-private-equity-heist-of-all-time/ https://foragerfunds.com/bristlemouth/dick-smith-is-the-grea...